Outlook Wealth Advisors LLC Cuts Holdings in Tapestry, Inc. $TPR

Outlook Wealth Advisors LLC decreased its position in Tapestry, Inc. (NYSE:TPR) by 48.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,712 shares of the luxury accessories retailer’s stock after selling 6,376 shares during the period. Outlook Wealth Advisors LLC’s holdings in Tapestry were worth $858,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwest Wealth Management LLC increased its holdings in Tapestry by 3.4% in the fourth quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer’s stock valued at $315,000 after buying an additional 82 shares in the last quarter. Fulton Bank N.A. increased its holdings in Tapestry by 2.8% in the fourth quarter. Fulton Bank N.A. now owns 3,166 shares of the luxury accessories retailer’s stock valued at $405,000 after buying an additional 87 shares in the last quarter. CVA Family Office LLC increased its holdings in Tapestry by 23.4% in the fourth quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer’s stock valued at $60,000 after buying an additional 89 shares in the last quarter. Clark Financial Services Group Inc. BD increased its holdings in Tapestry by 1.8% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 5,701 shares of the luxury accessories retailer’s stock valued at $733,000 after buying an additional 103 shares in the last quarter. Finally, Essex Financial Services Inc. increased its holdings in Tapestry by 3.5% in the third quarter. Essex Financial Services Inc. now owns 3,324 shares of the luxury accessories retailer’s stock valued at $376,000 after buying an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Tapestry Stock Up 3.2%

TPR stock opened at $145.42 on Wednesday. The stock has a market capitalization of $29.38 billion, a P/E ratio of 46.61, a P/E/G ratio of 1.43 and a beta of 1.42. The firm has a 50-day simple moving average of $142.02 and a 200-day simple moving average of $136.98. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. Tapestry, Inc. has a 52 week low of $78.59 and a 52 week high of $161.97.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The company’s quarterly revenue was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Equities analysts forecast that Tapestry, Inc. will post 6.95 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, June 5th. Tapestry’s payout ratio is presently 51.28%.

Analyst Upgrades and Downgrades

TPR has been the subject of a number of recent analyst reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Tapestry in a report on Thursday, April 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $180.00 price objective on shares of Tapestry in a report on Tuesday, June 2nd. Citigroup lifted their price objective on shares of Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Argus set a $165.00 target price on shares of Tapestry in a research note on Thursday, March 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Tapestry from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Tapestry has a consensus rating of “Moderate Buy” and an average price target of $161.22.

Insider Activity

In other Tapestry news, CEO Todd Kahn sold 19,557 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total value of $2,738,371.14. Following the transaction, the chief executive officer directly owned 123,258 shares in the company, valued at $17,258,585.16. The trade was a 13.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the completion of the transaction, the chief executive officer owned 652,434 shares in the company, valued at $86,701,954.26. The trade was a 4.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.32% of the company’s stock.

Tapestry Company Profile

Tapestry, Inc is a New York City–based house of fashion brands that designs, produces and distributes a range of accessible luxury and lifestyle products. The company manages a portfolio led by Coach, along with Kate Spade New York and Stuart Weitzman, each offering distinct product lines that include handbags and leather goods, footwear, ready-to-wear apparel, accessories, small leather goods, jewelry and lifestyle items. Tapestry’s operations encompass product design, marketing, wholesale partnerships, retail store operations and digital commerce.

Historically, the Coach brand traces its roots to a leather workshop in New York dating to the mid-20th century.